The Magnet Wires market is expected to grow at CAGR of 5.3% to reach USD 33.9 billion by 2025.

The forecast report on Magnet Wire Market growth is with a CAGR of 5.3% between 2019 and 2025. In 2018 the value of the Magnet Wire Market Growth was at USD 28.9 billion. The report will look into the Magnet Wires Market, which is divided into the following categories, and the report analyses each of them.

• By Type: Aluminium and Copper
• By Use: Transformer, Motor, and Home Appliance
• By Application: Industrial, Transportation, Infrastructure, and Electrical & Electronics
• Geographic Location: North America, Latin America, Europe, Asia Pacific, Africa, and the Middle East

The report, apart from these categories, also focuses on analyzing the Share, Size, Trends, and Forecast of the market between 2014 and 2025.

The Magnet Wire Market Overview

Wires made with metals like aluminum and copper that has an insulated coating are termed as Magnet Wires. The metals used in the wire when coiled create an electromagnetic field, thus getting the name Magnet Wires. Across a wide range of industries, magnet wires are used for home appliances, electrical appliances, transformers, motors, etc. One of the primary drivers of the magnet wire industry is the sound industry. The magnet wires are used in headphones, speakers, and other equipment made to produce sound.

Magnet wire industry is predicted to have considerable growth every year, owing to the 3.9% per year revenue growth of consumer technology, as reported by Investopedia.com for Consumer Technology Association. Furthermore, the growth of the telecommunication industry is also predicted to be one of the major drivers for the magnet wire industry. However, the magnet wire industry will keep experiencing a negative impact globally due to the volatile nature of the raw material price in the market.

Browse 120 Tables and 102 Figures spread through over 160 Pages and in-depth TOC on “Magnet Wires Market, By Type (Copper and Aluminium), By Use (Home Appliance, Motor, and Transformer), By Application (Industrial, Electrical & Electronics, Infrastructure, and Transportation) and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) – Analysis, Share, Trends, Size, & Forecast from 2014 – 2025“

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Key Takeaways

• Product: Copper is the most used magnetic wire because of its high conductivity and tensile strength. Furthermore, its high resistance to chemical, humidity, and shock makes it the most consistent magnet wire in the market and its demand will continue to grow.
• Aluminum is used because of its low-density properties, which creates a better electromagnetic field as it is 1/3rd of the coil copper.
• Application: Magnetic wires are used in a wide variety of field the most used is the Motors that dominates the market. According to a study done by DHL, the logistics giants, the logistics market will increase by 7.6%, which also means the motor industry will increase too hence the magnet wire market.
• End-Use: The transportation industry for the end-use market is growing the fastest compared to other, i.e., industrial, electrical & electronics, and infrastructure. It has been estimated that by 2020 the electronics market in India is to grow to USD 228 billion as per the National Investment Promotion & Facilitation Agency, India.
• Regional: Asia- pacific is dominating the magnet wire market because of the steady growth of the electrical appliance and electronics industry of the region. Also, because it is the largest manufacturing region for magnet wires.
• Vendor: The next list showcases the major players of the market in magnet wire.

The scope of this report covers the market by its major segments, which include as follows:

KEY MANUFACTURERS

• LS Cable & System
• RCE S.p.A.
• Sumitomo Electric Industries
• LWW Group
• REA Magnet Wire
• Samdong Company Limited
• Elektrisola
• Tongling
• Furukawa Electric Company Limited
• Jingda Special Magnet Wire Company Limited
• Fujikura Limited

MARKET, BY TYPE

• Aluminum
• Copper

MARKET, BY SHAPE

• Square
• Round
• Rectangle

MARKET, BY USE

• Home Appliance
• Motor
• Transformer

MARKET, BY APPLICATION

• Marine
• Aerospace
• Automotive
• Industrial
• Building & Construction

 MARKET, BY REGION

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • United Kingdom
  • Rest of Europe
• Asia Pacific
  • India
  • China
  • South Korea
  • Japan
  • Singapore
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
• Middle East and Africa
  • Saudi Arabia
  • United Arab Emirates
  • Rest of MEA